The Real Estate Financial Planner Blueprint™
Lafayette, Louisiana 20% DP

Purchased Lafayette, Louisiana Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Lafayette, Louisiana Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $5,244. The following is a chart showing the balance of Starting with $100K, Earning 7%/year Account from the start of the Scenario to Month 1 after we've adjusted for all the income and expenses for the entire month.

To purchase the Lafayette, Louisiana Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $190,800 purchase price that means you need to have $38,160 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,908) minus any seller concessions ($0).

Description Amount
Down Payment $38,160
Rent Ready Costs $0
Closing Costs $1,908
Seller Concessions $0
Total Cost To Close: $40,068

The monthly rent on this Property is $874 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Lafayette, Louisiana Average Property 1 $2,720 -$7,119 $2,407 $1,062 $1,348 $418
Lafayette, Louisiana Average Property 2 $2,495 -$6,447 $2,187 $974 $1,233 $442
Totals: $5,215 -$13,565 $4,594 $2,036 $2,581 $860

Asset Allocation

How are assets allocated? Let's first look at this month.

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